Russian weapons orders portfolio exceeds $46 bln - FS VTS

Jan 21 2013

RBTH

Interfax

The value of the Russian-made military-purpose products orders portfolio currently exceeds $46 billion, Alexander Fomin, the head of the Federal Service on Military-Technical Cooperation (FS VTS), said on Monday.

"In the past ten years, we have seen a general increase in exports, which have tripled since 2003, and the military-purpose products orders portfolio has also tripled. Its value currently exceeds $46 billion," Fomin told an intercom meeting on state defense contracts held in the Russian Government House.

The value of state defense contracts in the export component reached $4.4 billion as of late 2012, he said.

The exports in monetary terms went up $2 billion from 2011. In 2011, they reached $13.2 billion, Fomin said.

Among the new countries with which Russia has begun military-technical cooperation or the countries with which it has now worked for a long time, Fomin named Ghana, Oman, Tanzania and Afghanistan. He specified that the Federal Service on Military-Technical Cooperation has trained Afghan helicopter pilots to fly Russian helicopters.